Hastings Group Hldg PLC (HSTG) Receives Average Recommendation of “Hold” from Analysts
Shares of Hastings Group Hldg PLC (LON:HSTG) have received an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 294.70 ($4.00).
Several research firms recently commented on HSTG. JPMorgan Chase & Co. decreased their target price on Hastings Group from GBX 370 ($5.02) to GBX 350 ($4.75) and set an “overweight” rating for the company in a research note on Tuesday, October 24th. Barclays reaffirmed an “equal weight” rating and set a GBX 336 ($4.56) target price on shares of Hastings Group in a research note on Monday, December 11th. Credit Suisse Group raised their target price on Hastings Group from GBX 350 ($4.75) to GBX 360 ($4.88) and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Shore Capital reaffirmed a “sell” rating on shares of Hastings Group in a research note on Friday, October 27th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 355 ($4.81) target price on shares of Hastings Group in a research note on Friday, October 27th.
Shares of Hastings Group (LON HSTG) traded down GBX 3.40 ($0.05) during mid-day trading on Tuesday, reaching GBX 303.80 ($4.12). The company had a trading volume of 741,430 shares, compared to its average volume of 537,853. The firm has a market capitalization of $2,010.00 and a price-to-earnings ratio of 2,170.00. Hastings Group has a 1 year low of GBX 216.60 ($2.94) and a 1 year high of GBX 336.70 ($4.57).
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About Hastings Group
Hastings Group Holdings plc, formerly Hastings Group Holdings Limited, is a holding company. The Company provides general insurance. Its segments include Underwriting, Retail and Corporate. The Underwriting segment includes underwriting business based in Gibraltar. The Underwriting segment includes its subsidiaries, Advantage Insurance Company Limited (AICL), which is engaged in underwriting general insurance, primarily private car insurance in the United Kingdom, and Conquest House Limited, which owns property utilized by the Company.
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